Investments giant BlackRock has indeed âstarted to dabbleâ in the bitcoin market, according to regulatory filings published Wednesday.
A source familiar with the matter told CoinDesk the asset manager held $6.5 million in CME bitcoin futures contracts earlier this year. Those contracts had appreciated $360,457 on reporting day, according to documents reviewed by CoinDesk.
The holdings represented 0.03% of BlackRockâs massive Global Allocation Fund on reporting day Jan. 31 â âvery small,â the source said. (The gains represent just 0.0014%.) BlackRockâs original 37 contracts expired on March 26.
BlackRock gave two of its funds the go-ahead to trade bitcoin futures in January.
BlackRock declined to comment beyond the filings.
UPDATE (March 31, 20:37 UTC): Adds fresh information about the total amount of bitcoin futures held by BlackRock.
